UBS money laundering conviction ratified by France’s top court; fine will be reassessed
By Martin Coyle ( November 15, 2023, 15:53 GMT | Insight) -- UBS has lost an appeal in France’s top court over claims that saw a multibillion-euro fine imposed for money laundering and tax evasion, but has won a bid for a new trial to reassess a 1.8 billion-euro fine that a lower Paris court had imposed on it.UBS has lost an appeal in France’s top court over claims that saw a multibillion-euro fine imposed for money laundering and tax evasion, but has won a bid for a new trial to reassess a fine of 1.8 billion euros (around $2 billion) that a lower Paris court had imposed on it....
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